22Feb2018
MarketsforYou
GlobalIndices
GlobalIndices 21‐Feb Prev_Day Abs.Change
%Change
#
DowJones 24,798 24,965 ‐167 ‐0.67
Nasdaq 7,218 7,234 ‐16 ‐0.22
FTSE 7,282 7,247 35 0.48
Nikkei 21,971 21,925 46 0.21
HangSeng 31,432 30,874 558 1.81
IndianIndices 21‐Feb Prev_Day Abs.Change
%Change
#
S&PBSESensex 33,845 33,704 141 0.42
Nifty50 10,397 10,360 37 0.36
Nifty100 10,766 10,740 26 0.24
NiftyBank 24,937 24,874 62 0.25
SGXNifty 10,426 10,355 71 0.68
S&PBSEPower 2 ,207 2,214 ‐7 ‐0.31
S&PBSESmallCap 17,800 17,831 ‐31 ‐0.17
S&PBSEHC 13,907 14,075 ‐168 ‐1.20
Date P/E Div.Yield P/E Div.Yield
21‐Feb 23.44 1.17 25.18 1.09
MonthAgo 26.06 1.08 27.44 1.04
YearAgo 21.90 1.43 23.27 1.24
Nifty50Top3Gainers
Company 21‐Feb Prev_Day
%Change
#
HCLTech 943 907 3.91
TechMahindra 595 574 3.66
TCS 3042 2945 3.31
Nifty50Top3Losers DomesticNews
Company 21‐Feb Prev_Day
%Change
#
SunPharma 526 560 ‐6.03
Hindalco 241 249 ‐3.28
BajajFinanceLimited 1596 1639 ‐2.58
AdvanceDeclineRatio
BSE NSE
Advances 1112 673
Declines 1624 1097
Unchanged 134 78
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 7366
MFFlows** 14375
*21
st
Feb2018;**14
th
Feb2018
EconomicIndicator
YoY(%) Current YearAgo
WPI
3.58%
(Dec‐17)
2.10%
(Dec‐16)
IIP
7.10%
(Dec‐17)
1.90%
(Dec‐16)
GDP
6.30%
(Sep‐17)
7.50%
(Sep‐16)
22February2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
4.10%
(Sep‐17)
5.70%
(Jun‐17)
QuarterAgo
Inflow/Outflow
‐139
‐728
3.14%
(Sep‐17)
• Indian equity markets closed in the green amid gains in the IT, banking,
FMCGandoilandgasstocks.RecoveryinAsianmarketcoupledwithfall
in crude oil prices also boosted investors’ sentiment. However, gains
were capped as investors remained cautious ahead of the minutes from
the latest meeting o f the U.S. Federal Reserve due on Feb 21 and the
expiry of derivative contracts for February series on Feb 22.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.42% and
0.36% to close at 33,844.86 and 10,397.45, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap fell 0.05% and 0.17%, respectively.
• On the BSE sectoral front, S&P BSE Metal was the top loser and was
down 1.27%, followed by S&P BSE Healthcare (‐1.2%), S&P BSE Basic
Materials (‐0.87%), S&P BSE Realty (‐0.79%) and S&P BSE Capital Goods (‐
0.58%). Among the gainers comprised, S&P BSE Information Technology
was the top gainer, up 2.20%, followed by S&P BSE Teck and S&P BSE
FMCG which rose 1.79% and 0.75%, respectively. S&P BSE Energy and
S&P BSE Oil & Gas rose 0.67% and 0.42%, respectively.
• The Employees' Provident Fund Organisation (EPFO) has declared an
interest rate of 8.55% for 2017‐18. This is lower than 8 .65% for 2016‐17.
• Data from the Data of Industrial Policy & Promotion showed that
foreign direct investment (FDI) in the country grew 0.27% to $35.94
billion during the period from Apr to Dec of 2017. The FDI inflows were
$35.84 billion during the same period of the previous year. The major
sectors which attracted FDI during the period are services ($4.62 billion),
telecommunications ($6.14 billion), computer software and hardware
($5.15 billion) and construction activities ($2.54 billion). During the perio d
under review, India received maximum investment from Mauritius to the
tune of $13.34 billion followed by Singapore ($9.21 billion) and
Netherlands ($2.38 billion).
• Minutes of the latest m onetary policy meeting held on Feb 7 showed
that the policymakers were concerned about rising domestic inflationary
pressures in the country. According to the Reserve Bank of India
governor, the economic recovery of the country is at a nascent stage and
hence underlined the importance of cautious approach at this juncture.
• Biocon announced that U.S. Food and Drug Administration has
completed a pre‐approval inspection of our manufacturing facility in
Malaysia and issu ed a Form 483 with six observations. However, the
company did not share the details of the observations made by the U.S.
health regulator.
• Yes Bank announced that its capital‐raising committee has approved
issue of Rs 3,000 crore Basel III compliant tier 2 bonds. Y es Bank had
received its shareholders' approval to raise up to Rs. 20,000 crore in debt
instruments through various routes in one or more tranches in Jun 2017.
• Bharat Heavy Electricals Ltd (BHEL) announced that it has received a g as
turbine‐based captive power plant order worth Rs. 1,034 crore from
Hindustan Petroleum Corporation. BHEL stated that this captive power
plant is being set up to meet the power and steam required by HPCL for
its planned refinery expansion from 8.33 to 15 MMTPA.
• Asian markets remained mostly high despite ongoing speculation over
faster pace of interest rate in creases by the U.S. Federal Reserve.
Japanese markets r ose as weaker yen against U.S. dollar helped offset
flash data from IHS Markit showing the country's manufacturing activity
grew at a slightly slower pace in Feb. Today (As of Feb 21), Asian markets
opened lower following decline on the Wall Street overnight. Both Nikkei
and Hang Seng were trading down 1.39% and 1.52%, respectively (as at 8
a.m. IST).
• As per the last close, European market ended on a mixed note after
hovering between gains and losses as market participants focused on
more earnings reports and data release. However, gains neutralized due
to some weak European economic data.
• As per the last close, U.S market fell following the minutes of the U.S.
Federal Reserve’s Jan 2018 meeting that indicated the central bank still
plans to increase interest rates three times in 2018.
MarketsforYou
FIIDerivativeTradeStatistics 21‐Feb
(RsCr) Buy Sell OpenInt.
IndexFutures 4690.08 6522.35 24102.18
IndexOptions 118412.95 119952.93 86635.90
StockFutures 24570.73 23558.79 77718.02
StockOptions 5432.04 5199.88 8004.78
Total 153105.80 155233.95 196460.88
21‐Feb Prev_Day Change
PutCallRatio(OI) 1.18 1.10 0.07
IndianDebtMarket
PutCallRatio(Vol) 1.01 0.92 0.09
21‐Feb Wk.Ago Mth.Ago YearAgo
CallRate 5.95% 5.98% 5.93% 5.98%
CBLO 5.96% 6.04% 4.61% 5.87%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.32% 6.36% 6.36% 6.20%
364DayT‐Bill 6.61% 6.58% 6.48% 6.24%
10YearGilt 7.71% 7.49% 7.29% 6.90%
G‐SecVol.(Rs.Cr) 12976 38319 35926 25672
CurrencyMarketUpdate
1MonthCPRate 6.90% 6.88% 6.89% 6.74%
3MonthCPRate 7.89% 7.90% 7.58% 7.08%
5YearCorpBond 7.97% 7.83% 7.79% 7.38%
1MonthCDRate 6.24% 6.22% 6.23% 6.18%
3MonthCDRate 7.22% 7.22% 7.03% 6.39%
1YearCDRate 7.50% 7.48% 7.36% 6.61%
CommodityMarketUpdate
Currency 21‐Feb Prev_Day Change
USD/INR 64.82 64.53 0.29
GBP/INR 90.66 90.13 0.53
EURO/INR 79.94 79.86 0.09
InternationalNews
JPY/INR 0.60 0.60 0.00
Commodity 21‐Feb WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 61.71 60.68 63.33 53.97
BrentCrude($/bl) 64.55 61.88 68.71 56.28
Gold($/oz) 1324 1351 1331 1236
Gold(Rs./10gm) 30393 30200 29958 29171
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
22February2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be c onsidered as guidelines, recommendations or as a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset M anagement Limited) h as not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner a ssures
the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may r eflect RNLAM’s views or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, c ompleteness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the inf o rmation provided herein, due
care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an o ffer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, co nsequential, punitive or exemplary damages, including on
accountoflostprofitsarisingfromtheinformationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Feb 2018 Futures were at 10392.9, a discount of ‐4.55 points
below the spot closing of 10,397.45. The turnover on NSE’s Futures and
Options segment went up from Rs. 8,65,704.53 crore on Feb 20 to Rs.
9,27,429.87 crore on Feb 21.
•ThePut‐Call ratio stood at 0.85, unchanged from previous session’s
close.
• The Nifty Put‐Call ratio stood at 1.18 against previous session’s close of
1.10.
• Open interest on Nifty Futures stood at 28.10 million as against the
previous session’s close of 27.92 million.
• Bond yields r ose as investors fear that the m inutes of the last
Monetary Policy Committee meeting due after market hours will suggest
a rate increase going ahead.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 4 bps to
close at 7.71% as against previous session’s close of 7.67%. During the
session, bond yields traded in the range of 7.65% and 7.71%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,627 crore (gross) on Feb 21 compared with
Rs. 5,825 crore on Feb 20. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 5,606 crore on Feb 20.
• Banks borrowed Rs. 785 crore under the central bank’s Marginal
Standing Facility on Feb 20 as against borrowing of Rs. 453 crore on Feb
16.
• The Indian rupee marginally strengthened against the U.S. dollar after
state‐run banks sold dollars likely on behalf of the Reserve Bank of India
and some exporters. The rupee rose 0.05% to close at 64.76 per dollar
from the previous close of 64.79 per dollar.
• The euro weakened against the greenback following more than
expected fall in manufacturing and service purchasing managers' index in
Feb 2018. Euro fell 0.22% and was trading at $1.2309, down from the
previous close of $1.2336.
• Gold prices inched down following stronger dollar and ahead of the
minutes of Federal Open Market Committee (FOMC) policy meeting held
in Jan 2018.
• Brent Crude prices traded lower ahead of the U.S. crude oil inventory
data and on concerns over supply glut.
• A report from the Office for National Statistics showed that U.K. ILO
unemployment rate grew 0.1 percentage points to 4.4% in to the quarter
ended Dec 2017 as against 4.8% YoY. The number of unemployed grew
by 46,000 from the Sep 2017 quarter to 1.47 million in the Dec 2017
quarter. Meanwhile, the employment rate grew to 75.2% from 74.6% a
year ago.
•AflashreportfromtheIHSMarkitshowedthateurozone’scomposite
output index fell to 57.5 in Feb 2018 from 58.8 in Jan 2018. Meanwhile,
the services Purchasing Managers' Index came in at 56.7 in Feb, down
from 58.0 in Jan. Similarly, the factory PMI fell to 58.5 in Feb from 59.6 in
Jan..
MarketsforYou
Thank you for
your time.